The Mining Pod | Bitcoin Mining News
By The Mining Pod
The Mining Pod | Bitcoin Mining NewsFeb 06, 2024
Hashrate Futures With Matt Williams
Bitcoin miners generate Bitcoin using electricity. But how do they protect their business from drops in the price of Bitcoin or skyrocketing electrical costs? Enter hashrate derivatives.
Matt Williams of Luxor Tech joins the podcast to discuss hashrate futures, a new trading product that allows miners to forecast and act on the future price of hashrate. We discuss the product, similar Bitcoin futures products on the CME and how mining pool games with Ordinals could alter the equation.
Published twice weekly, "The Mining Pod" interviews the best builders and operators in the Bitcoin and Bitcoin mining landscape. Subscribe to get notifications when we publish interviews on Tuesday and a news show on Friday!
Timestamps:
00:00:00 Start
00:02:52 Matt Williams Intro
00:04:11 Matt's Background
00:09:50 English Major & Skiing
00:12:37 CME & Bitcoin Futures
00:19:58 Luxor Hashrate Futures
00:28:06 Luxor's Product Suite
00:32:37 CME Bitcoin Futures
00:36:14 Futures Explained
00:41:34 Changing Pool Models
00:44:30 Transaction Fee Hedging
00:48:55 Volatility & Derivatives
00:50:54 Futures & Options
Check out our other shows and content by going to https://blockspace.media/ today.
Join our halving party in Denver, Colorado on April 20th!
https://www.meetup.com/denver-bitdevs/events/299059050/
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Thank you to our sponsor, CleanSpark, America’s Bitcoin miner! And thank you to Foreman Mining, Master Your Mining!
"The Mining Pod" is produced by Sunnyside Honey LLC and distributed by CoinDesk. Senior Producer is Damien Somerset.
Making Energy Markets Efficient With Alan Schroeder
Alan Schroeder of Synota joins The Mining Pod to go through the ins-and-outs of the energy credit system and how the Lightning Network can make it more efficient through real time settlement for energy usage.
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Questions or want to sponsor? william@blockspace.media
Thanks to Foreman Mining for sponsoring the show. Foreman Mining, Master Your Mining.
https://foreman.mn/
ZK Rollups For Bitcoin Miners
More transactions? More users? More fees? Zero Knowledge-based Rollups might be the holy grail of scaling solutions Bitcoiners are looking for. We sit down with Orkun Kılıç of Chainway Labs to discuss the latest in ZKRs.
00:00:00 Start 00:01:00 Introducing Organ Kilic from Citrea 00:02:18 Organ's Background in Crypto 00:04:48 Citrea's Focus on ZK Rollups 00:09:45 Funding and Team Expansion 00:10:23 Open Sourcing Code and Testnet Plans 00:14:18 Rollups vs. Sidechains 00:20:14 Citrea's Trust-Minimized Approach 00:26:24 BitVM and ZK Proofs 00:31:32 Interoperability and Fractal Scaling 00:38:23 Citrea's Stance on Tokenization 00:40:40 Organ's Thoughts on Covenants & CCTV 00:42:47 Mining Pools and Merged Mining 00:45:10 Neutrality and Economic Behavior of Miners
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We Regret To Inform You The Cats Have Caused Bitcoin MEV
Charlie, Matt and Will join the news roundup to talk this week’s Bitcoin and Bitcoin mining news, including public miners offering large ATMs, Bitcoin MEV from Ordinals and ViaBTC’s stale block problem.
00:00:00 Start
00:01:54 Welcome to the Mining Pod
00:04:24 Difficulty Adjustment
00:08:50 Public Mining Co. ATM Offerings
00:14:41 Ordinals & Runes Update
00:19:35 Consolidate Your UTXOs!
00:22:30 Creating Paper Bitcoin?
00:26:47 Bitcoin MEV & Quantum Cats
00:32:58 Via BTC's Invalid Blocks
00:35:19 Upcoming Shows & Events
Join our Bitcoin Halving Party! https://www.meetup.com/denver-bitdevs/
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Questions or want to sponsor? william@blockspace.media
Thanks to Foreman Mining for sponsoring the show. Foreman Mining, Master Your Mining.
https://foreman.mn/
Bitcoin Mining Stocks Are…Down?
Bitcoin hit another all time high last week, but Bitcoin mining stocks keep lagging. We’re joined by Brandon Bailey, a Bitcoin mining analyst previously with Galaxy Digital Holdings, to break down the price performance.
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Questions or want to sponsor? william@blockspace.media
Thanks to Foreman Mining for sponsoring the show. Foreman Mining, Master Your Mining.
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The 4MB Ordinal, Biden's Mining Tax and Craig Wright's Demise
Charlie, Matt and Will jump back into our news roundup to go through this week’s Bitcoin mining hits, including mining profitability, rapper French Montana minting a music Ordinal and the Biden admin taking a second shot at a 30% tax on Bitcoin miners.
Join our Bitcoin Halving Party! https://www.meetup.com/denver-bitdevs/
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Questions or want to sponsor? william@blockspace.media
Thanks to Foreman Mining for sponsoring the show. Foreman Mining, Master Your Mining.
https://foreman.mn/
From Bitcoin Mining To AI Infrastructure With John Belizaire
Should Bitcoin miners think about AI? Is it too late to get in on the game? How should Bitcoin miner’s construct JV deals or other structures? We are joined by John Belizaire of Soluna Digital Holdings to dig into this and more.
Join our Bitcoin Halving Party! https://www.meetup.com/denver-bitdevs/
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Cathedra Bitcoin Merges! With Drew Armstrong, Tom Masiero & Marty Bent
The Cathedra Bitcoin and Kungsleden have merged, creating a new mining entity with both self-mining and hosting operations as revenue drivers.
We are joined by Drew Armstrong (President Cathedra), Tom Masiero (Founder Kungsleden, Standard Bitcoin) and Marty Bent (Ten31, Cathedra) to discuss the merger of the two companies.
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ZK ASIC Miners With Michael Gao and Nazar Khan
We recorded at ETHDenver on the next generation of crypto mining ASICs: Zero Knowledge (ZK) miners.
Michael Gao of Fabric Crypto and Nazar Khan of TeraWulf join the show to discuss bleeding edge inquiry into ZK ASIC hardware, including how they could fit into a Bitcoin mining playbook.
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Elizabeth Warren Is Targeting Bitcoin Miners
Brian Morgenstern of Riot Platforms and Lee Bratcher of the Texas Blockchain Council join the show to discuss the latest in Washington DC overreach, with Elizabeth Warren asking the Department of Energy’s EIA to locate and document Bitcoin mining operations in the US.
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Mining Bitcoin in Mexico With Santiago Varela
Santiago Varela is the co-founder of Kardashev BTC, a Mexican Bitcoin mining operation focused on harnessing waste and stranded energy sources for mining Bitcoin.
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Investors Are Piling Into Mining Stocks
Will and Charlie go through this week’s Bitcoin news, including mining stock flows, Braiins adding Lightning and a DL News hit piece on Bitcoin miners.
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TAKEOVER: The Return of the GigaChad
The return of the GigaChad! In our final TAKOVER episode, guest hosts Marc Fresa of Vnish and Taylor Monnig of Cleanspark dig into Chad Everett Harris’ Bitcoin genesis, his time at Riot Platform’s and H3 Data Solutions, his new venture.
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Justin Sun Has Bitcoin Ambitions
Charlie, Matt and Will go through this week’s most important Bitcoin headlines, including the 8% difficulty adjustment, Coinmint’s $14 million payout and Justin Sun’s Bitcoin ambitions.
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BitDigital’s AI Play With Sam Tabar
Sam Tabar, CEO of BitDigital, joins the show to discuss the Bitcoin miner’s strategy, its AI investments and how he thinks of the upcoming halving.
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Are The Feds Coming After Bitcoin Miners?
Charlie, Matt and Will talk about Bitcoin mining news this week, including price, Hut 8’s leadership change, the EIA seeking energy data and French Montana shilling his latest Bitcoin NFT.
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The Celsius Mining Scoop With ChazzonKe
Celsius Mining recently completed its Chapter 11 restructuring, and is now managed by Hut 8. Are creditors getting a good deal?
Celsius Mining was one of the only truly functional parts of Celsius, a defunct lending firm that went belly up in mid-2022. The mining firm recently transitioned to its own entity, Ionic, and is working with Hut 8 to run its mining assets. But did creditors get a good deal? We brought on citizen journalist and long time skeptic ‘ChazzonKe’ to learn more.
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Enter Swan Mining With Rapha Zagury
Swan launched a large mining company out of stealth. The question is…how?
Bitcoin financial services company announced its 4.5 EH/s Bitcoin mining operation the other week, turning heads across the Bitcoin ecosystem. Why is a financial services company getting into Bitcoin mining and how did they do it so sneakily? We find out with Rapha Zagury, CIO of Swan and head of Swan Mining.
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Is Bitcoin Mining Actually Good For Texas? With Tom Masiero
Texas is Bitcoin country, right? Over 2 gigawatts of energy is now mining Bitcoin in Texas, but it might be bad for the long term stability of the Texas energy grid. Tom Masiero of Standard Bitcoin walks us through why, in addition to insights on mining Bitcoin in the Tennessee Valley.
Thanks for our sponsor, Foreman Mining for making this show possible! https://foreman.mn/
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Are You Ready For The Bitcoin Halving, Anon?
Will and crew go through the top stories in Bitcoin and Bitcoin mining, including data on the upcoming Bitcoin halving, Swan announcing its 4.5 EH/s mining operation and Core Scientific re-listing on the Nasdaq. Charlie also gives us an overview of what’s happening in the Ordinals ecosystem this week!
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Mine Bitcoin At Home W/ John Stefanopoulos (FutureBit)
Ever wanted to mine Bitcoin at home? Well you can with FutureBit! Founder and CEO John Stefanopoulos joins us to talk about how to mine Bitcoin at home and why it's important for network decentralization.
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Investing In Bitcoin Mining In 2024 W/ Michael Carter (BBT)
OG Bitcoin miner Michael Carter walks us through how he is investing and building out Bitcoin mines going into 2024's bull run, including infrastructure, buying ASICs and GPUs for AI.
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How Gold Mining Stocks Changed Post-Gold ETF W/ Amanda Fabiano
Today we are joined by Amanda Fabiano, founder of Fabiano Consulting, to look into the Bitcoin mining market post-Bitcoin ETF, using the gold mining industry as a comparative example.
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Are Bitcoin Mining Stocks Dead? Bitcoin ETF Launch Livestream
Bitcoin mining stocks took a nose dive after the launch of the Bitcoin ETFs yesterday. We jumped on a livestream as the market closed to speculate on why mining stocks tumbled and first takes on Bitcoin’s big tradfi day.
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Drafting Bitcoin Mining Stocks W/ Ray Salmond (Cointelegraph)
On the eve of a possible Bitcoin ETF, we conduct the first ever BITCOIN MINING STOCK DRAFT! We each pick 5 Bitcoin mining stocks to watch over the next 3 months based on public information.
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How Ordinals Won 2023 W/ Charlie Spears & Matt Kimmell
Happy New Year! We kick off our first show with Charlie and Matt to talk about what happened with Ordinals in 2023. If you’re lost on what Ordinals are or want to catch up on the current trends, this is the show for you.
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(TAKEOVER) Lessons From Bitcoin Mining Giants W/ Russell Cann (Core Sci)
Happy New Year! We’re joined by Russell Cann, Head of Mining at Core Scientific. Today we discuss Russell’s history in Bitcoin mining, CoreSci’s take on immersion mining and lessons from his years of experience in the mining business.
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(TAKEOVER) OG Bitcoin Mining Stories W/ Philip Salter (Genesis Digital Assets)
Welcome back to the Mining Pod! Today we are joined by Philip Salter, an OG Bitcoin miner with Genesis Digital Assets (GDA), one of the largest private miners in the world. Philip teases a new Bitcoin ASIC from GDA, among other topics.
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Bitcoin Mining In 2023 W/ Park Merritt (Coin Metrics)
Parker Merritt of CoinMetrics joins Charlie, Matt and Will to talk about the top highlight in Bitcoin mining from 2023 and some thoughts on what to look ahead at in 2024.
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Why Miners Should Care About Bitcoin Rollups W/ Bob Bodily
Bob Bodily, CEO of Bioniq, joins the show to talk about rollups as a scaling solution for Bitcoin that could bring massive amounts of transactions to Bitcoin and Bitcoin miners. We talk about Rollups, Ordinals and other scaling solutions and how miners should think about them.
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(TAKEOVER) The Largest Immersion Mine In North America W/ Austin Storms
Taylor Monnig (CLSK) and Marc Fresa (Vnish) flip the desk, interviewing top experts in the Bitcoin mining space. Austin Storms from Galaxy Digital joins the show to discuss his own mining story and how he manages the largest immersion Bitcoin mining in North America with Galaxy Digital.
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PUBKEY EDITION: Ledger Exploit, Inscription Censorship and Ocean Pool W/ Thomas Pacchia & Drew Armstrong
The Mining Pod goes to PUBKEY to do a show with Thomas Pacchia and Drew Armstrong. We go through some mining highlights and talking points for the second half of 2023.
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The Ultimate Guide To Spiderchains W/ Willem Schroe
We are joined by Spiderchain creator and founder of Botanix Labs Willem Schroe to discuss his proposal to bring a fully functioning EVM to Bitcoin. What does this mean for applications and fees on Bitcoin?
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(TAKEOVER) Ben Gagnon: Mining Journey, Immersion, Hydro, Firmware, Bitfarms Future
Mining takeover! Taylor Monnig from Cleanspark and Marc Fresa of Vnish flip the desk and interview top guests in the mining industry! In this show we interview Ben Gagnon, Chief Mining Officer from Bitfarms.
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Ocean Pool Censoring Bitcoin Privacy? W/ Samourai Wallet
Samourai Wallet joins the news show to talk about their interesting experience with Luke Dashjr’s lawyer (and Luke).
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The US Bitcoin & Hut 8 Merger W/ Asher Genoot & Sue Ennis
We’re joined by the Hut 8 team to talk about the recent merger between the two entities, including the motivations for merging, the details of the listing process and the next steps for the Celsius asset acquisition.
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Ocean Pool Controversy, Antpool’s Fee Debate and Drop In Callers
News time! We’re joined by Charlie and Matt to discuss this week’s happenings in Bitcoin mining, including the Ocean Pool post-launch controversy, Antpool trying to return (?) the 83 BTC fee and a special drop in guest.
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Launching Ocean Pool W/ Bob Burnett
Bob Burnett of Barefoot Mining joins us to discuss the launch of Ocean Pool, backed by Jack Dorsey, live from the South Carolina debut.
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The First Stratum V2 Pool W/ Alejandro De La Torre
Today we are joined by Alejandro De La Torre, a Bitcoin miner announcing the launch of the first Stratum v2 Bitcoin mining pool: Demand. We talk with Alejandro about what Stratum v2 means for Bitcoin, how it works and the state of the Bitcoin mining pool game.
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Antpool’s $3M Transaction, F2Pool Censoring and Mining Stocks W/ Anthony Power
Welcome back to the show! We have a news roundup and mining stocks with Anthony Power in one show today. First, we discuss Antpool’s $3 million transaction fee and F2Pool censoring certain transactions before digging into mining stocks with Anthony Power.
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The State Of Core Scientific W/ Adam Sullivan
Adam Sullivan of Core Scientific joins us to discuss rebuilding Core Scientific - formerly the largest Bitcoin miner in the world. We discuss Core’s facilities, its Chapter 11 exit plan and what it expects in 2024.
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Chinese Communist Bitcoin Miners? And Lobbying For Bitcoin Mining W/ Dennis Porter
Today we are joined by Dennis Porter of the Satoshi Action Group to discuss the politics of Bitcoin mining in the US. We discuss recent pushback on Bitcoin mining in certain rural regions and national security concerns from Bitcoin miners with CCP ties.
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US Bitcoin’s Big Celsius Deal W/ Asher Genoot & Scott Duffy
We are joined by Asher Genoot and Scott Duffy of US Bitcoin and the Celsius Creditor’s Committee to discuss US Bitcoin’s successful bid to purchase the mining fleet of now-defunct Celsius, now under new management as Fahrenheit, in collaboration with its consortium partners Arrington Capital, Proof Group, Steve Kokinos, and Ravi Kaza.
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Why Tether Is Mining Bitcoin W/ Paolo Ardoino
Today we are joined by Tether Inc. CTO and incoming CEO Paolo Ardoino to discuss Tether’s move into Bitcoin mining, including its $600 million unsecured loan to Northern Data, why its mining Bitcoin versus other investments and how it thinks about site selection.
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Biden’s AI Executive Order, Core Scientifics Exiting Chapter 11 and Tether’s $600M Loan
We’re talking about Biden’s AI order, Core exiting Chapter 11 in the next few months and Tether’s $600 million unsecured loan to Northern Data.
Questions or want to sponsor? william@blockspace.media.
Iris Energy’s AI Play W/ Dan Roberts
Today we are joined by Dan Roberts, Co-CEO of Iris Energy, to discuss its 2023 financials, recent Antminer S21 pre-order and its experiment with AI/HPC.
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ASICs, Marathon Dilutes and Ordinal MEV?
Welcome to the news roundup! We’re talking about if you should buy ASICs before a mega-price pump, why and how Marathon Digital is diluting shareholders with a $750 million equity offering and Siphon, a novel Ordinals bot that kneecaps BRC-20 mints but causes MEV on Bitcoin.
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Bitcoin ETF? JP Morgan Analyst Likes These Bitcoin Mining Stocks
Reggie Smith, lead FinTech analyst at JP Morgan, joins us to discuss his recent research into Bitcoin mining stocks including Riot, Marathon, Cleanspark and Cipher Mining.
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News Roundup: Bitcoin Price, ASIC Rig Updates and Taproot Assets!
Matt and Charlie join to talk about Bitcoin’s pop above $30,000, ASIC rig prices changing after the S21 appearing on the scene and what Taproot assets mean for Bitcoin.
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The Bitcoin Mining Case For Drivechains W/ Paul Sztorc and James McAvity
Today we are joined by Paul Sztorc and James McAvity of Layer2 Labs and Cormint, respectively. We discuss the pressing issue of crypto fees, how to think about L2 designs for Bitcoin, criticisms of BIP 300/301 and why Bitcoin miners arn’t more involved in Bitcoin governance.
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